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Funding a business
How do you refund a business that has gone through setback?
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[QUOTE="Abigael, post: 236629, member: 25357"] It is so unfortunate whenever your business goes through a setback. But it is something that is so common in businesses and can cause it to go bankrupt. Some of the causes include; starting a business that you don't know how to run due to less knowledge, natural disasters like the pandemic or poor financial management. Refunding a business that has gone through such a set back is not easy. One of the sources of funds for such is to use the business savings. Which will be hard if the business was just making profits without saving some of it. That is why it is important for a business to embrace the saving culture. Also, you can get that fund from your own source of income. This is in case the business was your source of extra income and you have your main source of income is an offline or online job. You just take out what you earn and refund your business. Lastly, another option is to take a business loan. Though it can be so hard to get it if your loan lender knows that you failed in business and want to revive it. Unless it was caused by a natural disaster, most companies will get some funds to help themselves in this case. [/QUOTE]
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How do you refund a business that has gone through setback?
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